Xiaomi designs and sells smartphones, tablets, fitness trackers, and apps. Since its launch in Beijing 2010, the company has gone on to become one of the largest smartphone manufacturers in the world,

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What you need to know about Xiaomi (starting with how to say Xiaomi)
Chinese tech firm Xiaomi, the world’s fourth-largest smartphone maker, is set to break the global IPO record for 2018 by raising up to $6.1 billion. During a press conference over the weekend, founder Lei Jun called Xiaomi a “rare firm” able to do well in multiple areas: hardware, e-commerce and internet services. Here’s what you need to know about this major Chinese firm you’ve probably never heard of: 1. How do you pronounce Xiaomi? It sounds like  “she-OW-mee.” Xiaomi means millet in Chinese. Xiaomi fans are called “Mi Fans,” which sounds exactly like “rice noodles” in Mandarin. How many Mi Fans are out there? Xiaomi says there are more than 1.4 million people who own more than five int
A Chinese tech IPO will set a four-year global record
Chinese smartphone maker Xiaomi is set to make a splash in the Hong Kong stock market with an IPO worth up to $10 billion. That will make it the world’s biggest IPO since 2014. The Beijing-based tech firm is the fourth largest smartphone manufacturer globally, after Samsung, Apple and Huawei. It specializes in highly-specced, well-designed technology sold at minimal markups. Xiaomi handsets are the best-selling brand in India, and the company plans to launch in the US by next year. The company is seeking a total valuation of $100 billion following its application to sell shares on the Hong Kong Stock Exchange, bankers familiar with the plans told the South China Morning Post. That would mak
A Chinese tech bigwig wants to make gadgets that are cheap AND good
Picture something made in China. If what you saw was cheap but poorly made  – then this Chinese techie would like to prove you wrong. Lei Jun, CEO and co-founder of Xiaomi, best known as a smartphone maker, is convinced that he can build a consumer products empire that creates everything from pens to neck pillows: and everything will be both affordable and well-made. Talk is cheap, but investors are unlikely to dismiss Lei's goals as lofty. In fact, bankers are set to value his company at a whopping $100 billion when it goes public later this year, a person familiar with Xiaomi’s IPO plan told the South China Morning Post. By way of comparison, Facebook had a valuation of $104.2 billion when
Xiaomi’s billionaire co-founder has a business mantra: don’t be greedy
Apple's iconic 1997 advertising campaign had the slogan, “think different.” Alphabet, Google's parent, exhorts its employees to “do the right thing.” In its early years, Facebook wanted its developers to “move fast and break things.” Xiaomi, often known as China's answer to Apple, is doing a bit of all of the above, guided by one philosophy: don't be greedy. “We must curb the tendency for greed and win absolute trust from consumers,” Lei Jun, 48, the Chinese smartphone and gadget maker’s billionaire co-founder and chief executive, said in an interview with the South China Morning Post at Xiaomi’s Beijing headquarters. What I want to achieve is that when consumers buy the product, they can cl